NONPROFIT WEBINAR: The New Uniform Guidance and Compliance Supplement
On August 13, 2020, the Office of Management and Budget (OMB) issued revised Guidance for Grants and Agreements (Uniform Guidance) 2 CFR Parts 25, 170, 183 and 200. The revision sets the stage for enhanced result-oriented accountability for grants. The revised Uniform Guidance became effective November 12, 2020, and provided some key changes for grant professionals and auditors. In addition, OMB issued 2 CFR Part 200, Appendix XI – Compliance Supplement in August 2020. The Uniform Guidance and Compliance Supplement are important to understand in order for an organization to comply with the grant requirements including the Single Audit Act or grant specific audit requirements.
This session will cover the key aspects of the changes to the Uniform Guidance and the 2020 Compliance Supplement to better understand the impact on grants based on the results of Single Audit Act or program specific audits. In addition, participants will learn about the key issue areas related to grants from the Government Accountability Office (GAO), grant audit issues from the State Auditor perspective and how federal agencies use the results from the Single Audit reports.
Registration for this event will close on January 11, 2020. The logon details will be sent shortly after registration.
Learning Objectives
At the end of this webinar, participants will be able to:
- Understand how changes in the recently revised Uniform Guidance will impact audits of grant programs.
- Understand what are some of the key audit issues noted by the audit community.
- Identify proper corrective action activities to address some of the more common audit findings.
- Understand how a grantee’s audit report is viewed by the awarding agency and what impact the audit report may have on your organization.
Speakers
Beryl Davis, CGFM, CPA
Director, Financial Management and Assurance
GAO
George Strudgeon, CPA, CGFM, CGMA, MBA
Audit Director
Virginia Auditor of Public Accounts
Tammie Brown, CPA, CFE
Audit Assistant Director
Dept of HHS OIG
Program Level: Overview
Prerequisite: None
Advance Preparation: None required
Field of Study: Accounting – Governmental (ACCG)
CPE: 2 credits
NOTE: This webinar is hosted by the Association of Government Accountants. Through Harris CPAs’ membership with this association, we are happy to share free access to this webinar to our clients and colleagues. Logon details will be shared within 1-2 days of the event. We have a limited number of registrations. If you are no longer able to attend, please let us know so that we may invite another from our waiting list, in the event that all spots are filled.
Registration has closed.